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Property profile & analytics
OFF-MARKET Estimated value $4,350,000
Turn key restaurants

15305 Meridian E Puyallup, WA 98375-9515

5,084 SF 0.74 ac lot Built 1983
Entity Owned 2-yr Hold Free & Clear
Property ID
US90-1274459
Property summary
AI-generated overview

Exceptional commercial land opportunity in South Hill, Washington, located at 15305 S Meridian, zip code 98374, Pierce County. These pad sites offer multiple tenancy options, with lot sizes ranging from 25,000 to 67,000 square feet. The property is categorized as retail land and is ideal for build-to-suit projects or ground lease arrangements. This vibrant area boasts a dynamic mix of residential neighborhoods, commercial developments, and recreational spaces, creating a thriving hub of activity. South Hill's strategic location attracts a significant number of residents and visitors, contributing to its bustling commercial corridors filled with diverse shopping, dining, and service businesses. Convenient access to major roadways and public transportation ensures high foot and vehicle traffic. The area's growing and diverse population presents a strong market for businesses seeking a vibrant and densely populated location. This is an unparalleled chance to establish a presence in a flourishing community with excellent accessibility and amenities. The total building square footage is currently listed as 1 square foot, reflecting the land's potential for development.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Construction WOOD FRAME
Total area 5,084 SF
Lot 0.74 ac (32,400 SF)
Zoning code UV
APN 419223010
UPID US90-1274459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • House of Kee Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$4.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.35M
Owner & transaction history
Bryan C Anderson Family LLC · 2 yrs held
Bryan C Anderson Family LLC
since 2024
Last sale
$4.3M
1 recorded transaction
2024
$4.3M
Zoning & alternative use
UV · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $3.4M +44.1%
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